VW is close to become China’s no.1 automakers, after GM held this position for eight years.
Last quarter VW sales in China, almost tripled GM’s deliveries, to 704,991 vehicles, more than 664,765 vehicles reported by GM in September. No wonder the two companies are fighting to be no.1 in China, which is the world’s biggest auto market. Analysts believe that in three years China’s auto market will exceed Japan, US and Germany’s combined.
“Being No. 1 in China means a lot to their global development,” said Harry Chen, an analyst with Guotai Junan Securities Co. in Shenzhen. “Volkswagen and GM will go through a period of time fighting at close quarters in China and they may take turns grabbing the lead.”
As it is only one quarter left, GM’s lead of 77,000 units may be enough to secure its position for this year too. From January to September the Chevrolet Sail and the Buick Excelle were the best-sold cars in China, while Volkswagen Jetta held the 4th place.
VW introduced new versions of its Audi A4L and Lavida sedans, which attract many customers amid the anti-Japan territorial dispute, which made the overseas automakers see their deliveries in the country boost.